National Bank of Oman

Recommendations

Date	Research Firm	Action	From	To
18/06/08	Global Investment House			Underperform
18/06/08	TAIB Research			Outperform
31/01/08	BankMuscat	Maintain	Underperform	Underperform
29/10/07	BankMuscat			Underperform

	2007	2008	2009
Underperform	1	2	0
Outperform	0	1	0

Markaz - The Saudi Investment Bank Saudi Arabia - Markaz - 06 January 2009
Global - Technical Analysis: Privatization Holding Company Kuwait - Global Investment House - 15 December 2008
TAIB - Bank Dhofar: OVERWEIGHT Oman - TAIB Research - 11 November 2008
Markaz - Oman Telecommunications Oman - Markaz - 18 September 2008
Markaz - Oman Cement Company Oman - Markaz - 18 September 2008
Markaz - Esterad Investment Company Bahrain - Markaz - 27 August 2008
Markaz - Saudi Kayan Petrochemical Company Saudi Arabia - Markaz - 26 August 2008
TAIB - Bank Muscat: OVERWEIGHT Oman - TAIB Research - 24 August 2008
Markaz - Raysut Cement Company Oman - Markaz - 18 August 2008
HC Brokerage - Commercial International Bank: 1H08 Results Egypt - HC Brokerage - 13 August 2008
Markaz - National Bank of Oman Oman - Markaz - 11 August 2008
Global - National Bank of Oman: HOLD Oman - Global Investment House - 18 June 2008
Global - Bank Muscat SAOG: HOLD Oman - Global Investment House - 09 June 2008
GBCM - Oman Banking Sector: Event Update Oman - Gulf Baader Capital Markets - 24 March 2008
Al Madina - National Bank of Oman: 2007 Review Oman - Al Madina - 12 February 2008
TAIB - National Bank of Oman: Profile Oman - TAIB Research - 07 February 2008